$5.76 Billion Stablecoin Inflow to Binance in 30 Days

In the last 30 days, the amount of stablecoins entering the Binance exchange has reached 5.76 billion dollars, indicating a significant movement among investors. The price of Bitcoin has declined from 106,000 dollars to 95,000 dollars in recent weeks, experiencing a loss of over 10%. However, despite this price drop, the increase in stablecoin traffic is a noteworthy development.

According to on-chain data shared by CryptoQuant analyst Maartunn, investors have transferred large amounts of funds to the Binance exchange to take advantage of potential buying opportunities. This high volume of stablecoins entering the exchange over the past 30 days suggests that investors and traders prefer to accumulate liquidity on Binance. On the other hand, the opposite situation has been observed at other major exchanges; a net outflow of 219 million dollars from Bybit and 633 million dollars from OKX has occurred. This situation stands out as the clearest reflection of the differences in investor behavior.

The continued influx of stablecoins during periods of sharp corrections in Bitcoin can be interpreted as a signal for bottom buying in the market. The fact that Binance is drawing such liquidity alone suggests that significant market movements will largely take shape through this platform.

Additionally, investors are focused on the Producer Price Index (PPI) data for the U.S. set to be released tonight. Unexpected results in inflation indicators could increase volatility for both Bitcoin and altcoins. In this context, the high volume of stablecoins transferred to Binance is believed to potentially pave the way for a new market movement along with macro data.

Considering these data together, it is stated that a strong directional movement in Bitcoin and altcoins could emerge in the coming days. Investors carefully tracking these developments will be an important step regarding the direction of the market.